$5.45 Billion in Sales Expected for Visa Inc (V) This Quarter
Analysts forecast that Visa Inc (NYSE:V) will announce $5.45 billion in sales for the current quarter, Zacks reports. Twelve analysts have made estimates for Visa’s earnings, with estimates ranging from $5.29 billion to $5.56 billion. Visa reported sales of $5.07 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 7.5%. The company is expected to announce its next earnings report on Wednesday, April 24th.
According to Zacks, analysts expect that Visa will report full-year sales of $22.76 billion for the current fiscal year, with estimates ranging from $22.50 billion to $23.06 billion. For the next fiscal year, analysts anticipate that the business will report sales of $25.24 billion, with estimates ranging from $24.68 billion to $25.85 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Visa.
Visa (NYSE:V) last issued its earnings results on Wednesday, January 30th. The credit-card processor reported $1.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.25 by $0.05. The company had revenue of $5.51 billion during the quarter, compared to analyst estimates of $5.41 billion. Visa had a return on equity of 39.32% and a net margin of 50.61%. The firm’s quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter last year, the business posted $1.08 EPS.
V stock traded up $1.10 during midday trading on Tuesday, reaching $155.30. The stock had a trading volume of 3,458,645 shares, compared to its average volume of 8,605,401. The firm has a market capitalization of $304.58 billion, a price-to-earnings ratio of 33.69, a price-to-earnings-growth ratio of 1.73 and a beta of 1.00. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.50 and a quick ratio of 1.50. Visa has a 52-week low of $116.03 and a 52-week high of $154.69.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 5th. Investors of record on Friday, February 15th were paid a $0.25 dividend. The ex-dividend date was Thursday, February 14th. This represents a $1.00 annualized dividend and a dividend yield of 0.64%. Visa’s dividend payout ratio is presently 21.69%.
In related news, Vice Chairman Ellen Richey sold 81,005 shares of Visa stock in a transaction dated Thursday, February 7th. The stock was sold at an average price of $139.99, for a total value of $11,339,889.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP James H. Hoffmeister sold 6,480 shares of Visa stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $151.00, for a total value of $978,480.00. Following the completion of the sale, the senior vice president now owns 6,480 shares in the company, valued at $978,480. The disclosure for this sale can be found here. In the last 90 days, insiders sold 102,485 shares of company stock valued at $14,568,370. 0.17% of the stock is owned by company insiders.
A number of hedge funds have recently bought and sold shares of V. United Bank boosted its holdings in shares of Visa by 8.5% during the 2nd quarter. United Bank now owns 10,365 shares of the credit-card processor’s stock worth $1,373,000 after purchasing an additional 808 shares during the last quarter. FMR LLC raised its position in shares of Visa by 2.9% during the 2nd quarter. FMR LLC now owns 85,466,413 shares of the credit-card processor’s stock valued at $11,320,026,000 after buying an additional 2,398,540 shares during the period. Bridges Investment Management Inc. raised its position in shares of Visa by 3.3% during the 2nd quarter. Bridges Investment Management Inc. now owns 187,631 shares of the credit-card processor’s stock valued at $24,851,000 after buying an additional 6,004 shares during the period. Mutual Advisors LLC raised its position in shares of Visa by 6.8% during the 2nd quarter. Mutual Advisors LLC now owns 5,926 shares of the credit-card processor’s stock valued at $785,000 after buying an additional 378 shares during the period. Finally, Highlander Capital Management LLC raised its position in shares of Visa by 50.0% during the 2nd quarter. Highlander Capital Management LLC now owns 1,500 shares of the credit-card processor’s stock valued at $199,000 after buying an additional 500 shares during the period. Institutional investors own 80.38% of the company’s stock.
Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.
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